Cars.com

#5995

Rank

$754.68M

Marketcap

United States

Country

Leadership team

Mr. T. Alex Vetter (CEO & Director)

Mr. Douglas Neal Miller (Pres & Chief Commercial Officer)

Ms. Sonia Jain (Chief Financial Officer)

Products/ Services

Automotive, Digital Marketing, E-Commerce

Number of Employees

1,000 - 20,000

Headquarters

Chicago, Illinois, United States

Established

1998

Company Registration

SEC CIK number: 0001683606

Net Income

20M - 100M

Revenue

500M - 1B

Traded as

CARS

Social Media

URL

https://www.cars.com

Overview

Location

Recognition and Award

References

Summary

Cars.com Inc. operates as a digital marketplace and provides solutions for the automotive industry. Its platform connects car shoppers with sellers. The company, through its marketplace, dealer websites, and other digital products, showcases dealer inventory, elevate and amplify dealers' and automotive manufacturers' (OEMs) brands, connect sellers with ready-to-buy audience, and empower shoppers with the resources and information needed to make car buying decisions. It also offers marketplace products, such as marketplace subscription advertising and social selling services; digital solutions, including Website platform hosting, AI chat tool, digital retailing, and review and reputation management; and advertising comprising display advertising, instant loan screening and approvals, digital advertising, and in-market audio services. As of December 31, 2021, the company served 19,179 dealer customers in 50 states, which included franchise and independent dealers, with digital and brick-and-mortar stores; and primary automakers selling vehicles in the United States. Its customers are local car dealers, OEMs, and other national advertisers. Cars.com Inc. was founded in 1998 and is based in Chicago, Illinois.

History

A 2003 Library Journal survey of automobile-related websites described cars.com as ranked the site positively, noting staff-written reviews that are signed, dated, detailed, and illustrated. In 2004 the website announced a partnership with Kelley Blue Book and commenced national advertising. In October 2007, it announced plans for its largest marketing campaign ever in early 2008. In the same month, Yahoo! announced plans to receive listings from Cars.com for their Yahoo! Autos service.Cars.com was previously owned by Classified Ventures, LLC, a joint venture between Gannett, The McClatchy Company, Tribune, Graham Holdings, and A.H. Belo. On August 5, 2014, Gannett announced that it would buy out the remaining stakes in Classified Ventures it did not already own, for $2.5 billion.In July 2016, Cars.com acquired dealer and service shop rating site DealerRater.Cars.com was included in the spin-off of Gannett's broadcasting properties as Tegna, Inc. On May 4, 2017, Tegna shareholders approved a plan to spin off Cars.com as a new, publicly traded company; they received a share of the new company, which began trading on the NYSE beginning on June 1, 2017, for every 3 Tegna shares they owned.In February 2018, Cars.com announced the acquisition of Dealer Inspire, a digital marketing agency serving automotive dealerships located in Naperville, Illinois.

Mission

Cars.com also shares our mission of innovation and dealer advocacy and together we can drive our industry forward.""

Vision

To be the clear and trusted leader in automotive advice and information across every stage of car ownership.

Key Team

Mr. William Swislow (Co-Founder)

Mr. Mitch Golub (Co-Founder)

Mr. Greg Heidorn (Chief Technology Officer)

Robbin Moore-Randolph (Director of Investor Relations)

Ms. Angelique Strong Marks (Chief Legal Officer & Sec.)

Ms. Marita Hudson Thomas (Chief Communications Officer)

Ms. Jennifer Vianello (Chief Marketing Officer)

Recognition and Awards

Cars.com has won numerous awards for our website, including being named an Online All-Star by Time Magazine and Webby Award Winner for Best Automotive Website. We were also recognized by Inc. Magazine as one of the fastest growing private companies in America.